Q2 (NYSE:QTWO) Given New $86.00 Price Target at DA Davidson

Q2 (NYSE:QTWO) had its price target lifted by DA Davidson from $76.00 to $86.00 in a research report released on Monday,Benzinga reports. The brokerage currently has a neutral rating on the technology company’s stock.

QTWO has been the topic of several other research reports. Compass Point increased their price objective on Q2 from $91.00 to $107.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Stifel Nicolaus increased their target price on shares of Q2 from $65.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Needham & Company LLC boosted their price target on shares of Q2 from $90.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Stephens lifted their price objective on shares of Q2 from $75.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada upped their target price on Q2 from $76.00 to $105.00 and gave the stock a “sector perform” rating in a report on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $91.50.

Q2 Stock Down 0.8 %

Shares of QTWO opened at $101.92 on Monday. The firm has a market capitalization of $6.16 billion, a P/E ratio of -106.42 and a beta of 1.58. Q2 has a 12-month low of $33.17 and a 12-month high of $105.00. The firm has a fifty day moving average price of $80.37 and a 200-day moving average price of $69.66. The company has a current ratio of 2.50, a quick ratio of 2.44 and a debt-to-equity ratio of 0.99.

Insider Activity at Q2

In other news, CRO Michael A. Volanoski sold 1,428 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $71.93, for a total transaction of $102,716.04. Following the sale, the executive now directly owns 227,672 shares of the company’s stock, valued at $16,376,446.96. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Q2 news, EVP Jonathan Price sold 11,000 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $71.64, for a total value of $788,040.00. Following the sale, the executive vice president now directly owns 215,079 shares of the company’s stock, valued at approximately $15,408,259.56. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Michael A. Volanoski sold 1,428 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $71.93, for a total value of $102,716.04. Following the sale, the executive now directly owns 227,672 shares in the company, valued at approximately $16,376,446.96. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,963 shares of company stock valued at $3,109,699 in the last three months. 3.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Q2

A number of institutional investors have recently modified their holdings of QTWO. Intech Investment Management LLC acquired a new stake in Q2 in the 3rd quarter worth about $1,227,000. King Luther Capital Management Corp raised its stake in Q2 by 0.4% in the 3rd quarter. King Luther Capital Management Corp now owns 140,700 shares of the technology company’s stock valued at $11,224,000 after purchasing an additional 604 shares during the last quarter. Moran Wealth Management LLC lifted its holdings in Q2 by 31.0% in the 3rd quarter. Moran Wealth Management LLC now owns 7,900 shares of the technology company’s stock valued at $630,000 after purchasing an additional 1,870 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Q2 by 33.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 221,034 shares of the technology company’s stock worth $17,632,000 after buying an additional 55,107 shares in the last quarter. Finally, Segall Bryant & Hamill LLC boosted its position in Q2 by 3.9% during the third quarter. Segall Bryant & Hamill LLC now owns 266,079 shares of the technology company’s stock worth $21,225,000 after acquiring an additional 9,976 shares during the last quarter.

About Q2

Q2 Holdings, Inc provides cloud-based digital solutions to regional and community financial institutions in the United States. The company offers Digital Banking Platform, an end-to-end digital banking platform supports its financial institution customers in their delivery of unified digital banking services across digital channels.